Dear All,
A private ltd. co. has been scrutinized by AO
for the year 10-11 and disallowed advertisement exp Rs. 5 lacs due to not making the provision of TDS. and now in march 13 the tax on such disallowed expense has been paid this year.
now , how to make the accounting entries in this year? please give the full accounting entries.
whether that expenditure will be considered as prior period items?

how to find entries in tally by refernce no which we put when making voucher entry.

Respected Sir,

Purchase of critical spares is kept as stand by spares. can it be capitalized, if so at what point of time it should be capitalized, whether at the time of purchase or that spares put in to use.

Pls provide me with Accounting Standard reference.

Kindly do the needful.

Hello Sir,

This is balaganesan cwa, i am working in construction company, i want to know what is mess expenses, what are the expenses are we considered as mess expenses and what is the difference between mess expenses and canteen expenses, and how we have to consider the this spend for labour and office staffs
Please answer me as soon as possible

Thanks & Regards
S Balaganesan

In my office I do all accounts on cash basis i.e. all payments of Dec to be paid at Jan and I make entry in Jan. But now I was told that all expenses for the month of Dec to be taken in Dec as Outstanding and then it is provided in Jan. So according to office Rent for Dec to be accounted for like:

Dec
Rent A/c...............Dr
To Outstanding Rent A/c

Jan
Outstanding Rent A/c
To Bank

I told office that I'd make this provisional entry in March. Then I was told to be confirmed whether taking all outstanding provisions in March only is correct process or not. So Please advise whether my accounting process is correct or wrong? Should I make all outstanding provision every month or only March is enough?

we have not deposit TDS for 2 qtr i.e from 01.07.12 to 31.12.12. so i need to ask whether TDS is to be deposited separately by 2 challans for each qtr

Can anyone tell me the accounting for payment of stamp duty to MCA for increase in paid up share capital.

One of my client is a partnership firm, which has been incorporated on 16-04-2012. they have incurred an amount of around 60000/-for advertisement and marketing expenses on march 2012, can we account that amount in the month of April 2012. or else give some idea regarding the issue

A company needs to make membership contribution to an institute outside India of 1000 US Dollars The membership period is from January to December of the Calender year... The invoice date is mentioned as 5th march and received to accounts after closure of books the payment is made in the month of May of the respective financial year...

While closing the entries in the books for March, the outstanding provision has made without considering the exchange rate of Rs.3,75,000/- (April to December) and Rs.1,25,000/- to the expenses (January to March)

After the final payment the outstanding amount was nullified and the balance is booked to the expenses without looking into foreign exchange fluctuations...

Please advise, whether foreign exchange loss to be booked for the above transaction in the books??? Is there any deviation from AS 11

as per companies act is it compulsory for company to depreciate new assets purchased during the year on pro rata basis...or it can be charged for full year..?